Silver price keeps its negative stability – Analysis - 16-10-2018

Economies.com
2018-10-16 04:20AM UTC

Silver price keeps its stability below 14.73 until now, and stochastic begins to provide the negative signals on the four hours’ time frame, waiting to motivate the price to resume the bearish trend in the upcoming sessions, which its next main target located at 13.93.

 

We remind you that breaching 14.85 will complete forming bullish pattern that has positive targets that surpass 15.22 level to reach 15.62 followed by 16.00.

 

Expected trading range for today is between 14.40 support and 14.85 resistance.

 

Expected trend for today: Bearish

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